3 Year-to-Date Doublers to Double Down On

Tesla, Netflix and Linked have doubled, tripled and quintupled this year — and still have upside ahead

LinkedIn

YTD Performance: +114%

LinkedIn (LNKD) has become the dominant social destination for business, with a more than 225 million acquired users around the world. That gives it a wide moat, meaning investors can have some confidence that it won’t go the way of Friendster or MySpace.

Shares have more than doubled for the year-to-date, but then, LinkedIn hasn’t exactly been short of bullish catalysts. The company keeps beating Wall Street estimates — usually by a wide margin — and it recently lowered its sign-up age to 18, which should help bring even more users into the fold.

Technicals also point to more upside in the short term. LNKD trades well above its 50- and 200-day moving averages, and scores a 9 out of 10 on price momentum — a proprietary formula that takes into account a stock’s relative strength and seasonality — according to Thomson Reuters Stock Reports.